Here is how Kering SA (PPRUY) and Zumiez (ZUMZ) have performed compared to their sector so far this year.
Kering said the deal is part of a real-estate strategy that aims to secure retail locations for its brands, while enhancing financial flexibility.
Kering faces ongoing challenges in luxury, with Gucci and Saint Laurent under pressure. The company's sale of its beauty business to L'Oréal strengthens its balance sheet and reduces leverage, addressing key investor concerns. Q3 sales beat across brands despite limited disclosure.
Kering released its third-quarter 2025 financial results on Thursday, showing it reduced the slump it had seen in the previous quarter.
Kering SA (OTCPK:PPRUY) Q3 2025 Sales Call October 22, 2025 12:00 PM EDT Company Participants Armelle Poulou - Chief Financial Officer Jean-Marc Duplaix - Chief Operating Officer Conference Call Participants Chiara Battistini - JPMorgan Chase & Co, Research Division Edouard Aubin - Morgan Stanley, Research Division Oliver Chen - TD Cowen, Research Division Antoine Belge - BNP Paribas Exane, Research Division Zuzanna Pusz - UBS Investment Bank, Research Division Thomas Chauvet - Citigroup Inc., Research Division Anne-Laure Jamain - HSBC Global Investment Research Charles-Louis Scotti - Kepler Cheuvreux, Research Division Carole Madjo - Barclays Bank PLC, Research Division Luca Solca - Sanford C. Bernstein & Co., LLC.
Kering's sale of its beauty business to L'Oreal will result in a "net gain before tax" in Kering's annual results, COO Jean-Marc Duplaix told analysts in a call on Wednesday when asked if the transaction would lead to a writedown.
L'Oréal, the world's leading beauty company, has reached an approximately $4.7 billion (€4 billion) agreement to acquire Kering Beauté business, including its flagship Creed fragrance brand. The deal is framed as a 50-year strategic partnership aimed at developing beauty and wellness products for Kering's luxury houses, including Gucci, Bottega Veneta and Balenciaga.
Kering's new CEO Luca de Meo didn't take long to make his mark.
French luxury goods company Kering said Sunday it is selling its beauty division to L'Oreal for 4 billion euros ($4.66 billion).Under the agreement, Clichy, France-based L'Oreal will acquire the House of Creed high-end fragrance company as well as licenses to create beauty and fragrance products for Kering brands like Gucci, Bottega Veneta and Balenciaga.The companies said they will establish a strategic committee to ensure coordination between Kering brands and L'Oréal. Kering and L'Oréal said they are also exploring joint business opportunities in the wellness and longevity market, combining L'Oreal's innovation with Kering's deep understanding of luxury clients.The deal has some precedence.
The deal marks an early move by Kering's new chief, Luca de Meo, to revive the French luxury giant's fortunes.
Gucci owner Kering has agreed to sell its beauty business to L'Oreal for 4 billion euros ($4.66 billion), the company said on Sunday, as new CEO Luca de Meo moves to tackle the luxury group's high debt and refocus on its core fashion business.
Kering is in advanced talks to sell its beauty division to L'Oreal for about $4 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter.